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FTX Founder Faces Decades in Prison as Prosecutors Push for 40-50 Year Sentence
Sam Bankman-Fried Founder of FTX Implicated in Massive Financial Scam Faces Lengthy Prison Term
According to the report of Mail Online, Federal prosecutors are pushing for a long prison term around 40 to 50 years for Sam Bankman-Fried the guy who started FTX. They say he involved in one of the biggest money scams ever. His sentencing is set for March 28. The court will think hard about how bad his crimes were and listen to his family and lawyers asking for mercy. The prosecutors say his fraud caused losses of over $10 billion and want a tough punishment to stop others from doing bad stuff in the cryptocurrency world.
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FTX Founder Faces Decades in Prison as Prosecutors Push for 40-50 Year Sentence (PHOTO: New York post)
FTX Founder Sam Bankman-Fried Faces Jail Time for Alleged Role in Major Financial Scam
But now he in big trouble. Last year he got caught for fraud and conspiracy after his company collapsed. People say he took money he should have and tricked others. Even though he says he innocent the court will decide his future soon. He could be looking at spending many years in jail for causing one of the worst money scams ever according to the prosecutors.
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